![]() ![]() The first one would be the breakout over a resistance shown on the daily chart. Shift to the 15-minute chart, and learn that there are two conditions that you should look for as the potential buy spots in an uptrend chart. The price has significantly broken a resistance level (in an uptrend) or support level (in a downtrend).Īfter confirming the trend, now it is time to determine your entry position.The price has a 20 EMA line that is pointing upwards, at a two o'clock angle or steeper for an uptrend, or a four o'clock angle for a downtrend.Make sure that the price has been moving up for several days with at least one Higher Low for an uptrend and a Lower High for a downtrend.Don't worry, these rules can be used for both up and downtrends, and it also works on different time frames: The goal is to recognize where the direction of the price is going to move. Once you know the price direction in the daily chart, it would be much easier to find an entry in the 15-minute chart.įirst, to identify the trend, you need to set up several rules on the chart. You don't want to enter the market and risk your money while the trend is unclear, right? That is why it is important to identify the trend beforehand and make sure that it is going strong. ![]() In other words, you can easily identify the trend from there.īefore you jump into the 15-minute chart, you should know how to identify the trend in the higher timeframe, namely the daily chart. The 20 EMA is the best moving averages to use in the 15-minute charts because the price follows it most accurately during multi-day trends. ![]() If you're into scalping or other short-term strategies, making use of a Moving Average in a 15-minute chart is quite recommended. See Also: The Most Powerful Candlestick Patterns You Should TradeĢ0 EMA Trading Strategy for 15-Minute Chart
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